BERWYN, Pa., Feb. 10, 2022 /PRNewswire/ -- AMETEK, Inc. (NYSE:
AME) today announced its Board of Directors has approved a 10%
increase in its quarterly cash dividend on common stock to
$0.22 per share from $0.20 per share. The dividend is payable on
March 31, 2022 to shareholders of
record as of March 10, 2022. This
dividend increase will raise the indicated annual rate to
$0.88 per share.
"AMETEK's businesses continue to operate at a very high level,
delivering outstanding cash flow generation and excellent operating
results," said David A. Zapico,
AMETEK Chairman and Chief Executive Officer. "These results are
driven by the strength of the AMETEK Growth Model. We remain
focused on deploying our free cash flow primarily on strategic
acquisitions, driving long-term shareholder value. Our robust cash
flow also allows us to reward our shareholders with a higher and
consistently increasing cash dividend."
Corporate Profile
AMETEK is a leading global
manufacturer of electronic instruments and electromechanical
devices with 2021 sales of $5.5
billion. The AMETEK Growth Model integrates the Four Growth
Strategies - Operational Excellence, New Product Development,
Global and Market Expansion, and Strategic Acquisitions - with a
disciplined focus on cash generation and capital deployment.
AMETEK's objective is double-digit percentage growth in earnings
per share over the business cycle and a superior return on total
capital. The common stock of AMETEK is a component of the S&P
500.
Contact:
Kevin
Coleman
Vice President, Investor Relations & Treasurer
kevin.coleman@ametek.com
Phone: 610-889-5247
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SOURCE AMETEK, Inc.